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EU to help 'frontline' Hungary cope with migrant wave: official The European Commission has pledged to send financial aid and experts to Hungary to help it cope with a surge in illegal immigration this year.

01 July 2015

Merkel says won't discuss new Greek request before referendum Chancellor Angela Merkel said that Germany won't enter into new aid negotiations with Athens before Greece's weekend referendum.

01 July 2015

Greek default poses new challenge to IMF credibility Nobody in the halls of the International Monetary Fund in Washington has any illusion: Greece is going to default, delivering a new blow to the global crisis bank's credibility.

30 June 2015

Ireland says door remains open for Greece debt talks Irish Prime Minister Enda Kenny said that Greece can still return to negotiations with its international creditors to avert a default and possible exit from the euro.

30 June 2015

Moscow hopes Brussels will avoid 'negative scenarios' over Greece: Lavrov Russian Foreign Minister Sergei Lavrov expressed the hope that Brussels would avoid "negative scenarios" over Greece amid fears that the country is heading for a eurozone exit.

30 June 2015

Brazil's Petrobras slashes multi-year investment plan Brazil's state oil giant Petrobras slashed its five-year investment plan by a whopping 77 billion dollars -- as it tries to recover from a massive corruption scandal.

30 June 2015

'Black Monday' in Greece as panic simmers It has already been dubbed "Black Monday" -- jittery housewives, shoppers and business owners queued in vain at cash machines in Athens, where the country awoke to capital controls and shuttered banks.

29 June 2015

Italy does not fear Greek contagion: finance minister Italy's finance minister played down the threat of Italy being hit by the fallout from market instability linked to the Greek crisis.

29 June 2015

Greece calls emergency financial council meeting The Greek government said it had called an emergency gathering of its systemic stability council, as speculation mounted of capital controls being imposed and increasing signs of a bank run.

29 June 2015

Greek PM calls referendum on bailout for July 5 Greece will hold a referendum on July 5 on the outcome of negotiations with its international creditors taking place in Brussels.

27 June 2015

Rousseff puts spy scandal behind her with US visit Brazilian President Dilma Rousseff arrives in the United States for a long-delayed visit, looking to shore up economic ties.

27 June 2015

IMF boss Lagarde says ready to 'consider' 2nd term Christine Lagarde has said she is ready to consider a second term as head of the International Monetary Fund in an interview with a French magazine to be published.

25 June 2015

Greece in 'final stretch' of talks: Varoufakis Crisis-hit Greece is in the "final stretch" of negotiations with creditors and could reach agreement shortly, Finance Minister Yanis Varoufakis indicated.

24 June 2015

Iran leader restates 'red lines' for nuclear deal Iran's supreme leader Ayatollah Ali Khamenei restated his country's red lines for a nuclear deal in a dramatic intervention during a meeting with President Hassan Rouhani and top officials.

24 June 2015

'Still a lot do on Greece': French PM French Prime Minister Manuel Valls said that there is "still a lot of work to do" if Greece and its creditors are to reach an agreement to avert a possible default.

24 June 2015

IMF to join meeting between Ukraine, creditors next week The IMF said that it would take part in a meeting between Ukraine and its private bondholders next week, amid rising pressure on creditors to reduce the debt.

23 June 2015

Italian Nutella maker to buy British rival Thorntons The board of British chocolate maker Thorntons said it had agreed a takeover deal by Italian rival Ferrero that values the firm at about £111.9 million.

23 June 2015

New Eurogroup meeting on Greece Wednesday: EU's Tusk Eurozone finance ministers will meet again in a bid to reach a final bailout deal for Greece ahead of an EU leaders' summit the following day.

23 June 2015

EU prolongs Russian economic sanctions for six months: official EU foreign ministers formally agreed to prolong to January 2016 damaging economic sanctions against Russia to ensure it fully implements Ukraine peace accords.

22 June 2015

Athens says Europe 'doesn't need IMF' on eve of crunch summit Greece does not want any more help from the IMF, minister of state Nikos Pappas said on the eve of a summit.

22 June 2015

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